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Stocks / United States / RJF · Security Brokers, Dealers & Flotation Companies · NYSE

Raymond James Financial Inc. (RJF)

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Raymond James Financial Inc. (RJF) reported revenue of $4.4 billion for Q3 FY2026, the quarter ended 30 June 2026, up 13.5% on the same quarter a year earlier. Net income was $595 million, up 36.5% on the year, and diluted earnings per share $3.01. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$4.4 billionup 13.5%
Net income$595 millionup 36.5%
Diluted EPS$3.01
QuarterQ3 FY2026ended 30 June 2026

Ratios

From the filings

ROE18.2%
ROCEn/a
Operating marginn/a
Net margin13.6%
FCF margin8.5%
Interest covern/a
Debt to equity0.07
Cash conversion0.71
Share count, 1 year-3.9%
Sales CAGR, 3 years12.1%
Profit CAGR, 3 years12.3%
EPS, TTM$11.48

At the close of 21 September 2026

Price$165.19
Market cap$31.7 billion
Stock P/E14.39
Price to book2.50
EV / EBITDAn/a
Dividend yield1.2%
Market cap / sales1.87
52-week high$181.18
52-week low$140.89
Price, 1 year-5.1%
Price CAGR, 3 years17.7%
Price CAGR, 5 years13.7%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the total debt Raymond James Financial Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RJF

Filings32 in twelve months: 20 current reports (8-K), about 13 regulation fd disclosure; 4 results of operations; 3 other events; 1 officer or director change; 1 shareholder vote
Planned insider sales5 Form 144 notices in twelve months, $26.2 million; latest 28 August 2026
Options tapeput/call 0.3 by open interest on 23 September 2026; the straddle prices a 5.8% move to 16 October 2026
Holders9 of the followed funds hold it; largest Geode Capital Management; 2 Schedule 13D or 13G filings in twelve months
Insider trading8 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.8 million shares short, 7.00 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,5153,5203,6383,7624,0034,0353,8453,8424,1904,1764,2624,362
Interest expense462507520n/an/an/an/an/an/an/an/an/a
Pre-tax income585630609644n/a749671563n/an/an/an/a
Tax rate26%21%22%24%n/a20%26%23%n/an/an/an/a
Net income434498476492602600495436604563544595
Net margin12%14%13%13%15%15%13%11%14%13%13%14%
Diluted EPS$2.03$2.32$2.22$2.31$2.85$2.86$2.36$2.12$2.96$2.79$2.72$3.01
Operating cash flow434543391711510830117691796-10.01,099-246
Capital expenditure51.050.049.056.050.041.046.057.044.046.045.062.0
Free cash flow38349334265546078971.0634752-56.01,054-308
Shares outstanding209m209m207m206m203m205m203m200m198m197m195m192m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020 FY2021 FY2022FY2023FY2024FY2025TTM
Revenue4,9655,3085,5206,5257,4768,0238,1689,91011,30812,99214,92315,91216,990
Interest expense1041061161542022831781503051,373n/an/an/a
Pre-tax income7487988019251,3111,3751,0521,7912,0222,280n/an/an/a
Income tax268296271289454341234388513541575579638
Effective tax rate35.8%37.1%33.9%31.2%34.6%24.8%22.2%21.7%25.4%23.7%n/an/an/a
Net income4805025296368571,0348181,4031,5091,7392,0682,1352,306
Net margin9.7%9.5%9.6%9.8%11.5%12.9%10.0%14.2%13.3%13.4%13.9%13.4%13.6%
Diluted EPS$3.32$3.43$3.65$4.33$5.75$7.17$5.83$6.63$6.98$7.97$9.70$10.30$11.48
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020 FY2021 FY2022FY2023FY2024FY2025TTM
Operating cash flow508899-573-1258845774,0736,64772.0-3,5142,1552,4341,639
Capital expenditure60.174.112219013413812474.091.0173205188197
Free cash flow447825-695-3157504393,9496,573-19.0-3,6871,9502,2461,442
Free cash flow margin9.0%15.5%-12.6%-4.8%10.0%5.5%48.3%66.3%-0.2%-28.4%13.1%14.1%8.5%
Depreciation and amortisation64.268.363.071.085.097.0119134145165179195206
Share-based compensation69.671.578.510999.0112120132192237254254238
Buybacks8.488.516334.162.0778272128n/an/an/an/an/a
Dividends paid88.1103113127151191205218n/an/an/an/an/a
Dividend per share$0.64$0.72$0.80$0.88$1.10$1.36$1.48$1.04$1.36$1.68$1.80$2.00n/a
Diluted shares, weighted144m146m145m147m149m144m140m211m215m217m212m207m197m
Shares outstanding at period endn/a143m142m144m146m138m137m206m215m209m203m198m192m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020 FY2021 FY2022FY2023FY2024FY2025TTM
Total assets23,32626,48031,48734,88337,41338,83047,48261,89180,95178,36082,99288,23094,237
Cash and equivalents2,1992,6011,6503,6703,5003,9575,3907,2016,1789,31310,99811,3899,977
Goodwill2953084084114784644666601,4221,4371,4511,451n/a
Total debt, as filedn/an/an/an/an/an/an/an/an/an/an/a700950
Long-term debt1,191n/an/an/an/an/an/a8.01.0n/an/an/an/a
Shareholders' equity4,1414,5224,9145,5826,3686,5817,1148,2459,45810,21411,67312,50312,699
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.6%14.3%12.1%8.0%
Profit growth, compounded15.6%21.2%12.3%8.1%
Return on equity, average14.8%17.0%17.3%17.1%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Security Brokers, Dealers & Flotation Companies

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Morgan Stanley MS$324.0 billion16.6617.3%n/a9.3%3.371.9%
Goldman Sachs Group Inc. GS$279.6 billion14.8017.1%n/a4.1%3.571.8%
Charles Schwab Corp. SCHW$184.8 billion19.4720.1%n/a20.3%0.451.0%
BlackRock, Inc. BLK$169.0 billion26.1311.4%32.6%26.5%0.221.9%
Robinhood Markets, Inc. HOOD$112.4 billion54.5621.7%46.0%38.3%0.23n/a
Interactive Brokers Group, Inc. IBKR$42.0 billion37.1419.1%n/a22.1%0.000.1%
Raymond James Financial Inc. RJF$31.7 billion14.3918.2%n/a8.0%0.071.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-Q31 December 20256 February 2026EDGAR
10-K30 September 202525 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-Q31 December 20247 February 2025EDGAR
10-K30 September 202426 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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